Brookfield Drops $1.2B on IOS-Heavy REIT + 12 More Deals Close
Brookfield agreed to acquire Peakstone Realty Trust for ~$1.2B, including 60 IOS properties. Plus Rexford reported 97.8% IOS occupancy, and 12 more deals closed across the country.
Brookfield Drops $1.2B on IOS-Heavy REIT + 12 More Deals Close
IOS Deal Flow Newsletter
The IOS market just had its busiest week and a half in recent memory. Deal flow stayed strong across the U.S. with portfolio-scale institutional acquisitions, repeat-buyer infill purchases, credit-platform financings, and yard-heavy leases. Translation? The big players are still buying, the operators are still expanding, and the sector is showing no signs of slowing down.
🏦 The Headline You Can't Ignore
Brookfield to Acquire IOS-Heavy REIT for $1.2B
Brookfield Asset Management agreed to acquire Peakstone Realty Trust for approximately $1.2 billion all-cash ($21 per share). Peakstone's portfolio includes 60 industrial outdoor storage properties plus traditional industrial assets. This is the kind of move that makes everyone in the sector sit up and pay attention.
Deal Leadership: - Brookfield Deal Lead: Lowell Baron - Peakstone Led By: Michael Escalante - Financial Advisor: Citigroup Global Markets - Legal Advisor: Gibson, Dunn & Crutcher LLP
Expected Close: End of Q2 2026
When Brookfield writes a check this size for IOS assets, it's a pretty clear signal that institutional capital sees long-term value in this sector.
📍 Other Major Platform & Market Moves
#### 🧱 Rexford Highlights IOS Scale + Occupancy
Rexford Industrial Realty reported its improved land and IOS sites now total approximately 191.9 acres and were 97.8% leased as of December 31, 2025. They also executed a 3-year lease extension with their largest tenant, Tireco, extending the term to April 30, 2030 at a 1.1M SF facility in the Inland Empire. 97.8% leased? That's not just good. That's "we could probably charge more" good.
#### 🎟️ Industry Event: NAIOS Summit (Atlanta)
The National Association of Industrial Outdoor Storage announced its 3rd annual IOS Summit on Thursday, May 14, 2026 at Pullman Yards in Atlanta. Attendance is screened with priority given to owners, operators, tenants, brokers, investors, and developers.
#### 📊 Realterm's $111M Portfolio Sale (Quick Recap)
Axis Partners announced the $111M sale of a 22-property / ~85-acre IOS portfolio to Realterm. The portfolio features a diversified tenant roster with assets across major logistics hubs. This deal made headlines last week and continues to be a talking point across the sector.
🌵 Closed Transactions (Acquisitions & Dispositions)
DEAL #1: FONTANA, CALIFORNIA
11-Acre Inland Empire IOS Sale
PROPERTY 13680 Slover Avenue, Fontana
SITE ~11 acres
BUILDINGS 19,860 SF
BROKERAGE Cushman & Wakefield
Deal Team: Nico Napolitano, Jeffrey Cole, Kristen Schottmiller (Cole-Napolitano Team)
DEAL #2: PALMETTO, FLORIDA
$3.75M Sale (7 Acres)
PROPERTY 3208 17th Street East, Palmetto
PRICE $3.75M
SITE ~7 acres
BUILDING 3,816 SF
- Buyer: The Macritchie Group
- Seller: Roadworthy Trailer Sales
- Brokerage: Kassin Sabbagh Realty (Joseph Kassin, Steven Pollan)
DEAL #3: SOUTH PLAINFIELD, NEW JERSEY
Transport Properties Acquisition (6.7 Acres)
PROPERTY 110 Sylvania Place, South Plainfield
SITE 6.7 acres
IMPROVEMENTS 30,000 SF warehouse + repair facility
FEATURES Fully paved lot
- Buyer Deal Lead: Alexander Mollozzi
- Brokerage: Colliers (TJ Calderone, Doug Bansbach, Linda Hill)
DEAL #4: WESTFIELD, MASSACHUSETTS
The Spot Cos. Acquisition (10 Acres)
The Spot Companies continues its expansion with this acquisition, bringing their footprint to 100+ owned and leased IOS locations. Not bad for a company that keeps quietly building one of the largest IOS portfolios in the country.
PROPERTY 160 Falcon Drive, Westfield
SITE ~10 acres
BUILDING ±18,000 SF cross-dock
PORTFOLIO SIZE 100+ locations
Deal Team: - Rob Levesque (R. Levesque Associates Inc.) - Danielle Justo, Yana Zheng (Rich May PC) - Jason LaBella, Jordan Plummer (Much Shelist PC) - Company Lead: Lee Guthman
DEAL #5: HOUSTON, TEXAS
Zenith Acquisition (FleetPride-Leased)
PROPERTIES 11049 & 11051 Eastex Freeway, Houston
IMPROVEMENTS 3 buildings totaling 31,540 SF
TYPE IOS / low coverage
TENANT FleetPride (leased)
- Buyer Team: Peter Cannon, Max Rodenborn
- Seller Representation: Griff Bandy, Wyatt Huff, Hunter Stockard (Partners)
DEAL #6: BALTIMORE, MARYLAND
Two Separate IOS/ISF Buys (Same Week)
Baltimore had a busy week with two separate IOS acquisitions closing within days of each other. When it rains, it pours.
#### Deal 6A: Catalyst Acquisition - Property: 240 S Kresson Street - Site: 2.1 acres - Building: 9,600 SF service facility (8 drive-in doors) - Catalyst Lead: Connor Brophy - Deal Support: Jim Chivers, Will McCullough, John Roe (Gold & Co.)
#### Deal 6B: Greenspring Acquisition - Property: 3520 East Federal Street - Site: 1.6 acres - Building: 18,000 SF warehouse/distribution + secure outdoor storage - GRP Deal Lead: Daniel Flamholz - Leasing/Marketing: Matt Jackson, Goral Khatta
DEAL #7: RENO, NEVADA
Jadian IOS Buy (6.2 Acres)
PROPERTY 3705 Barron Way, Reno
SITE 6.2 acres
IMPROVEMENTS 8,500 SF shop/warehouse + 8,000 SF two-story office
- Jadian Deal Team: Kees t'Sas, Alex Stahl, Zachary Friedman, Daniel Schuchinsky
- Seller Representation: Kevin Annis, Michael Van Blaricom (ArchCrest Commercial Partners)
DEAL #8: WOONSOCKET, RHODE ISLAND
Alterra Acquisition (Providence MSA)
PROPERTY 707 E Park Drive, Woonsocket
SITE 2.1 usable acres
BUILDINGS 10,800 SF (2 buildings)
OCCUPANCY 100% leased
- Alterra Lead: Sean Christman
- Brokerage: Matty Drouillard, Stephen Flynn (The Stubblebine Company)
DEAL #9: CINCINNATI, OHIO
Alterra Acquisition (4.1 Usable Acres)
Alterra is on a roll. This is their second acquisition in this roundup, and they're clearly not done expanding.
PROPERTY 898 E Crescentville Road, Cincinnati
SITE ~4.1 usable acres
BUILDING 34,650 SF
ACCESS I-75 / I-275
- Alterra Leads: Parker Pearson, E. Liam Loftus
- Brokerage: Roddy MacEachen, SIOR (SqFt Commercial)
DEAL #10: ORANGE, CONNECTICUT
$1.8M Sale (1.28 Acres)
PROPERTY 304 Boston Post Road, Orange
PRICE $1.8M
SITE 1.28 acres
BUILDING 12,800 SF
- Type: Mix of showroom/warehouse + outdoor storage
- Brokers: Will Braun (seller rep), Ken Ginsberg (buyer rep)
DEAL #11: FORT PIERCE, FLORIDA
2.37-Acre Owner-User Buy (7,500 SF)
PROPERTY 705 N 39th Street, Fort Pierce
SITE 2.37 acres
BUILDING 7,500 SF warehouse
BUYER Owner/user (undisclosed)
Broker: Conor Mackin (Commercial Real Estate LLC)
💰 Financing (IOS Loans & Credit Platform)
FINANCING #1: $43.5M REFI LOAN
10-Property IOS Portfolio (Atlanta + Charleston)
Realterm isn't just buying properties. They're also providing credit to the sector through their lending platform. This $43.5M refinance loan secured 10 fully leased IOS sites across Atlanta and Charleston.
LOAN AMOUNT $43.5M
PORTFOLIO 10 fully leased IOS sites
MARKETS 9 in Atlanta metro + 1 in Charleston
LENDER Realterm (credit platform)
Realterm Team: Paul Sisson (Head of Credit), Kate Sarris, Cameron Barr
FINANCING #2: $7.5M LOAN
13.5-Acre IOS (Lithia Springs, GA)
LOAN AMOUNT $7.5M
PROPERTY 13.5 AC IOS property
LOCATION Lithia Springs, GA
STRUCTURE 3-year term, fixed rate, 20-year amortization
Arranged By: Brandon Harris (Black Bear Capital Partners)
🧾 Leases Signed (Yards & Service Facilities)
#### LEASE #1: LAREDO, TEXAS - 2.6-Acre IOS Lease (Century Trucking) - Property: 606 Grand Central Boulevard, Laredo - Improvements: 12,120 SF warehouse + 2.6 AC IOS - Tenant: Century Trucking Inc. - Brokerage: Juan Fraga (First Houston Properties) represented tenant
#### LEASE #2: SAN DIEGO, CALIFORNIA - 9.09-Acre Graded IOS Yard (Otay Mesa) - Property: 1400 Heritage Road, Otay Mesa, San Diego - Landlord: Prologis - Tenant: Brownfield Auto Auction and Storage - Tenant Rep Team: Ramin Salehi, James Hixson, Rob Hixson (CBRE)
#### LEASE #3: OMAHA, NEBRASKA - 1-Acre IOS Lease - Property: 1750 Mason Street, Omaha - Improvements: 4,392 SF building + 1 AC IOS - Brokers: John Meyer & Hilke Meyer (NAI NP Dodge)
#### LEASE #4: MEDLEY, FLORIDA - Container Facility Lease - Property: 9501 NW 106th St, Medley - Brokers: Wayne Ramoski, SIOR + Ivanna Leitner (Cushman & Wakefield team)
#### LEASE #5: CINCINNATI, OHIO - 3.5-Acre IOS Site Lease - Property: 5700 Este Ave, Cincinnati - Site: 3.5 AC fenced/gated - Buildings: 14,909 SF across four buildings - Leasing: SqFt Commercial
#### LEASE #6: PIEDMONT, SOUTH CAROLINA - 10,415 SF Industrial Lease - Property: 1400 Piedmont Highway, Piedmont - Landlord Rep: Matt Roos (Lee & Associates)
#### LEASE #7: LAWRENCE TOWNSHIP, NEW JERSEY - Fleet Maintenance User Lease - Property: 2572 Brunswick Pike, Lawrence Township - Tenant: Easton Coach Co. (charter bus operator) - Space: 48,000 SF for paratransit fleet maintenance/repair - Landlord: Velocity Venture Partners (65,000 SF remaining; marketed as flexible industrial with outdoor storage/power/docks/visibility)
👥 People & Platform Talent Moves
#### Colliers Expands South Carolina Platform (Includes IOS-Focused Group)
Colliers South Carolina added approximately 50 CRE professionals formerly with Lee & Associates Charleston, including IOS-focused APEX Investment Property Group leadership: Jon-Michael Brock and Alex Whittemore, plus additional Colliers SC leadership team members. When 50 people move as a group, that's not just a hire. That's a statement.
📌 On The Market (Selected IOS Listings)
#### FOR LEASE: Flint, Michigan - ±5 Acres Yard - Site: ±5 AC fenced/lit stabilized graveled yard - Pricing: Around $3,000/acre/month - Leasing: Ryan Ferris, CCIM (Colliers Detroit)
#### FOR LEASE: Rock Hill, South Carolina - 15-Acre IOS Site with 5,600 SF Building - Site: 15 AC (LI-zoned) - Building: 5,600 SF (16' clear, four 14' drive-in doors) - Notes: TI allowance referenced
📊 What It All Means
Themes from Jan 27 - Feb 5
• Institutional conviction is sharpening Brookfield's $1.2B Peakstone acquisition + Realterm's $111M portfolio buy + Realterm's credit-platform execution all point to one thing: scaled capital is staying active in IOS. These aren't one-off bets. These are platform-building moves.
• Repeat-buyer infill appetite remains strong Alterra and Greenspring both added assets and immediately pushed toward leasing and monetization. When the same buyers keep coming back to the market, it's a good sign they're making money on their existing holdings.
• Brokerage visibility is improving Multiple deals disclosed full teams across national and regional brokerages including C&W, Colliers, CBRE, KSR, Stream, SVN, Newmark, Northmarq, and others. More transparency in deal teams means more credibility for the sector.
• Service facility + yard is still the 'most liquid' format Many trades and leases centered on functional improvements like drive-in doors, maintenance bays, heavy power, and paved yards rather than pure land plays. The market is telling us what it wants: operational utility, not just acreage.
📬 Get Your Deal Featured
Closed a deal or signed a lease in IOS? We want to feature it in our next report.
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